Fed Governor Adriana Kugler to resign
Investors have rallied behind Coach ’s strategic initiatives and strong sales performance, propelling the stock to new heights with a P/E ratio of 21.15 and reflecting a bullish outlook on the brand’s future. The 52-week high serves as a testament to Coach’s successful navigation through a challenging retail landscape, marking a period of exceptional shareholder returns and financial health for the iconic fashion house. Discover 16 additional key insights about TPR and access comprehensive financial analysis through a InvestingPro subscription. Investors have rallied behind Coach’s strategic initiatives and strong sales performance, propelling the stock to new heights with a P/E ratio of 21.15 and reflecting a bullish outlook on the brand’s future. The 52-week high serves as a testament to Coach’s successful navigation through a challenging retail landscape, marking a period of exceptional shareholder returns and financial health for the iconic fashion house. Discover 16 additional key insights about TPR and access comprehensive financial analysis through a InvestingPro subscription.
In other recent news, Tapestry (NYSE:TPR) Inc. has been the focus of several notable developments. Citi analyst Paul Lejuez increased the price target for Tapestry to $85, maintaining a Buy rating. He anticipates second-quarter sales and earnings per share (EPS) to outperform consensus estimates, with a projected EPS of $1.76. Barclays (LON:BARC) and Jefferies also upgraded Tapestry’s rating and raised their price targets to $87 and $80 respectively, citing expected sales growth and expanding margins.
However, CFRA analyst Zachary Warring downgraded Tapestry’s rating from Hold to Sell, while raising the price target to $56, maintaining the EPS estimates for fiscal years 2025 and 2026 at $4.50 and $4.75 respectively.
Tapestry’s recent first-quarter results exceeded expectations, leading to an increase in full-year revenue and earnings guidance. The company reported a 27% increase in total revenue in Europe and a 5% decrease in Greater China, aiming for a full-year revenue growth of 1-2%.
In the luxury sector, Swiss luxury group Richemont (SIX:CFR) reported a 10% increase in sales for the third quarter, signaling robust demand in several key markets, which led to notable gains for other luxury goods companies such as Estee Lauder (NYSE:EL) and Tapestry. Lastly, Bernstein expects large global brands like Tapestry to experience minimal impact from a potential 10% increase in import tariffs on China, due to their diversified supply chains and international market presence.
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